Hennion & Walsh Asset Management Inc. Purchases 71,874 Shares of BNY Mellon Municipal Bond Infrastructure Fund, Inc. $DMB

Hennion & Walsh Asset Management Inc. raised its position in BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE:DMB) by 91.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 150,878 shares of the company’s stock after acquiring an additional 71,874 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in BNY Mellon Municipal Bond Infrastructure Fund were worth $1,658,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of DMB. Allspring Global Investments Holdings LLC increased its position in shares of BNY Mellon Municipal Bond Infrastructure Fund by 11.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 958,161 shares of the company’s stock valued at $10,252,000 after purchasing an additional 99,220 shares during the period. Bulldog Investors LLP lifted its position in BNY Mellon Municipal Bond Infrastructure Fund by 91.7% in the third quarter. Bulldog Investors LLP now owns 331,979 shares of the company’s stock worth $3,552,000 after purchasing an additional 158,768 shares during the period. Riverbridge Partners LLC lifted its position in BNY Mellon Municipal Bond Infrastructure Fund by 65.3% in the fourth quarter. Riverbridge Partners LLC now owns 284,913 shares of the company’s stock worth $3,131,000 after purchasing an additional 112,566 shares during the period. Capital Investment Advisors LLC boosted its stake in BNY Mellon Municipal Bond Infrastructure Fund by 11.7% during the third quarter. Capital Investment Advisors LLC now owns 35,786 shares of the company’s stock worth $383,000 after buying an additional 3,749 shares in the last quarter. Finally, Pathstone Holdings LLC boosted its stake in BNY Mellon Municipal Bond Infrastructure Fund by 33.9% during the third quarter. Pathstone Holdings LLC now owns 1,331,675 shares of the company’s stock worth $14,249,000 after buying an additional 337,294 shares in the last quarter.

BNY Mellon Municipal Bond Infrastructure Fund Price Performance

Shares of BNY Mellon Municipal Bond Infrastructure Fund stock opened at $10.64 on Thursday. BNY Mellon Municipal Bond Infrastructure Fund, Inc. has a 52-week low of $9.58 and a 52-week high of $11.28. The company’s fifty day moving average price is $10.94 and its two-hundred day moving average price is $10.81.

BNY Mellon Municipal Bond Infrastructure Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Wednesday, April 1st. Investors of record on Tuesday, March 17th were paid a $0.042 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a c) dividend on an annualized basis and a yield of 4.7%.

About BNY Mellon Municipal Bond Infrastructure Fund

BNY Mellon Municipal Bond Infrastructure Fund (NYSE: DMB) is a closed-end management investment company that primarily seeks to provide a high level of current income exempt from regular U.S. federal income tax. Trading on the New York Stock Exchange, the Fund offers investors exposure to a diversified portfolio of municipal securities financing public-purpose infrastructure projects.

The Fund generally invests at least 50% of its assets in investment-grade, tax-exempt bonds issued to support infrastructure initiatives such as transportation, water and sewer systems, public power, education facilities and other civic projects.